Credit Suisse Ag ETF Forecast
Green day on Thursday for Credit Suisse Ag
(Updated on Apr 25, 2024)
The Credit Suisse Ag ETF price gained 0.657% on the last trading day (Thursday, 25th Apr 2024), rising from $77.61 to $78.12. During the last trading day the ETF fluctuated 1.02% from a day low at $77.33 to a day high of $78.12. The price has risen in 6 of the last 10 days but is still down by -2.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $524.26 thousand.
The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 16.13% during the next 3 months and, with a 90% probability hold a price between $89.28 and $95.43 at the end of this 3-month period.
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SLVO Signals & Forecast
The Credit Suisse Ag ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $78.81. On a fall, the ETF will find some support from the long-term average at approximately $77.13. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Credit Suisse Ag has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -3.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Credit Suisse Ag ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $71.47 and $70.40. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Credit Suisse Ag finds support just below today's level at $71.47. If this is broken, then the next support from accumulated volume will be at $70.40 and $68.73.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.790 (1.02%) between high and low. For the last week, the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: $74.26 (-4.95%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (SLVO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Credit Suisse Ag to open at $77.86, and during the day (based on 14 day Average True Range), to move between $77.12 and $79.12, which gives a possible trading interval of +/-$1.00 (+/-1.28%) up or down from last closing price. If Credit Suisse Ag takes out the full calculated possible swing range there will be an estimated 2.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.53 (1.80%) than the support at $71.47 (8.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Credit Suisse Ag ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Credit Suisse Ag ETF to perform well in the short-term.
Current score: 1.975 Buy Candidate Unchanged
Predicted Opening Price for Credit Suisse Ag of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$77.86 ( 0.337%) | $78.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLVO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 78.65 | 0.674 % | |
R2 | 78.34 | 0.288 % | ||
R1 | 78.16 | 0.0492 % | ||
Current price: | 78.12 | |||
Support | S1 | 77.55 | -0.723 % | |
S2 | 77.37 | -0.96 % | ||
S3 | 77.07 | -1.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 80.08 | 2.51 % | |
R2 | 79.95 | 2.34 % | ||
R1 | 79.53 | 1.80 % | ||
Current price | 78.12 | |||
Support | S1 | 71.47 | -8.51% | |
S2 | 70.40 | -9.88% | ||
S3 | 68.73 | -12.02% |
SLVO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 19, 2024 | Apr 19, 2024 | Apr 25, 2024 | $0.752 | 0.97% |
2 | Mar 06, 2024 | Mar 19, 2024 | Mar 25, 2024 | $0.479 | 0.640% |
3 | Feb 20, 2024 | Feb 20, 2024 | Feb 26, 2024 | $0.439 | 0.629% |
4 | Jan 05, 2024 | Jan 19, 2024 | Jan 25, 2024 | $0.520 | 0.730% |
5 | Dec 05, 2023 | Dec 19, 2023 | Dec 27, 2023 | $0.326 | 0.433% |
FAQ
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